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U.S. Consumer Sentiment Improves April, Year-Ahead Inflation Expectations Jump
Preliminary data released by the University of Michigan on Friday showed a modest improvement in U.S. consumer sentiment in the month of April. The report showed the consumer sentiment index rose to 63.5 in April from 62.0 in March. Economists had expected the index to inch up to 62.7.
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U.S. Industrial Production Climbs More Than Expected As Utilities Output Spikes
Industrial production in the U.S. increased by more than expected in the month of March, according to a report released by the Federal Reserve on Friday. The Fed said industrial production climbed by 0.4 percent in March after edging up by a revised 0.2 percent in February.
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U.S. Import Prices Fall 0.6% In March, Plunge 4.6% Year-Over-Year
The Labor Department released a report on Friday showing U.S. import prices fell by much more than expected in the month of March. The report said import prices slid by 0.6 percent in March after slipping by a revised 0.2 percent in February.
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Tesla Cuts Vehicle Prices In Europe To Boost Demand
Luxury electric major Tesla Inc. has slashed the price of its vehicles in Europe, including Germany and France, aiming to boost demand, amid an improvement in its production capacity. The price cut for all versions of the Model 3, Model S, and Model X ranges between 4.5 percent and 9.8 percent, reports said. Expanding an aggressive global pricing strategy, the company has also slashed prices...
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U.S. Retail Sales Slump 1.0% In March, Much More Than Expected
A report released by the Commerce Department on Friday showed U.S. retail sales fell by much more than expected in the month of March. The Commerce Department said retail sales tumbled by 1.0 percent in March after dipping by a revised 0.2 percent in February.
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U.S. Import Prices Fall Much More Than Expected In March
The Labor Department released a report on Friday showing U.S. import prices fell by much more than expected in the month of March.
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846 hari yang lalu
U.S. Retail Sales Slump Much More Than Expected In March
A report released by the Commerce Department on Friday showed U.S. retail sales fell by much more than expected in the month of March.
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846 hari yang lalu
more news
Bay Street Seen Opening With Positive Bias
The Canadian market is likely to open higher Friday morning, tracking steady European markets, crude oil prices, and strong earnings updates from U.S. banks JP Morgan and Wells Fargo.
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AWS Unveils Bedrock Service For Generative AI
Amazon Web Services, the cloud computing unit of Amazon, has introduced a cloud service called Bedrock for use in generative artificial intelligence or generative AI, a newer form of machine learning. The new service lets developers use and customize AI tools that generate text or images.
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JPMorgan Chase Q1 Results Top Estimates; Stock Up In Pre-market
Banking major JPMorgan Chase & Co. reported Friday higher earnings and revenues for its first quarter, both above Street estimates. The company said its lines of business recorded continued momentum in the quarter. In pre-market activity on the NYSE, JPMorgan shares were gaining around 6.03 percent.
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Canadian Dollar Advances On Higher Oil Prices
The Canadian dollar climbed against its major counterparts in the European session on Friday, as oil prices rose on receding concerns about inflation and further monetary tightening by the Federal Reserve.
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European Shares Gain As Rate Hike Worries Ease
European stocks rose on Friday and were set for their longest weekly gaining streak since early December amid hopes that the Federal Reserve is nearing the end of its monetary policy tightening cycle.
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FTSE 100 Edges Higher As Fed Worries Subside
U.K. stocks rose on Friday and were set for a fourth weekly gain on hopes that the U.S. Federal Reserve is nearing the end of its monetary policy tightening cycle.
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